First Bancorp (FBNC) AI Stock Analysis

Founded in 1934 and headquartered in Southern Pines, North Carolina, First Bancorp operates as the bank holding company for First Bank. It provides banking products and financial services to individuals and small to medium-sized businesses across North Carolina and northeastern South Carolina. Offerings include checking, savings, money market accounts, time deposits, and retirement accounts. The company provides consumer and commercial lending, including real estate, personal, residential mortgages, automobile, and small business administration loans. Additional solutions comprise accounts receivable financing, factoring, inventory financing, credit and debit cards, cash management, mobile banking, and remote deposit capture.

Revenue grew from $324.9M in FY2021 to $543.1M in FY2025, reflecting a 5-year CAGR of 11.3%. After rising 25.5% in FY2022 and 32.7% in FY2023, revenue fell 1.9% in FY2024 before increasing 2.3% in FY2025. Net income moved from $95.6M in FY2021 to $146.9M in FY2022, dropped to $76.2M in FY2024, and rebounded to $111.0M in FY2025 with a 20.4% net margin. For the trailing twelve months ended June 30, 2026, revenue stood at $410.7M with an operating margin of 51.2% and EPS of $3.22. In the latest quarter, revenue grew 16.0% and earnings increased 31.2% year-over-year.

As of June 30, 2026, First Bancorp held $2.07B in cash and short-term investments against total debt of $74.7M, yielding a net cash position of $1.99B. Total assets stood at $13.04B and shareholders' equity was $1.72B, with a debt-to-equity ratio of 0.04 and a current ratio of 0.19. In FY2025, operating cash flow reached $203.1M and free cash flow was $198.9M. Capital allocation in FY2025 included $4.2M in capital expenditures, $991,000 in share buybacks, and $37.3M in dividends paid.

First Bancorp has a market cap of $2.50B and trades at a trailing P/E of 18.7x and a forward P/E of 14.6x, compared to medians of 12.1x and 10.8x for its US-listed Financial Services peers. Its price-to-sales ratio is 6.1x versus the peer median of 3.2x, and its price-to-book ratio is 1.5x. Over the past year, the stock returned 32.5%, outpacing the S&P 500 return of 16.8%. Over five years, the stock gained 46.7%, trailing the S&P 500 five-year return of 83.0%.

First Bancorp pays a quarterly dividend with an annualized forward payout of $0.96 per share, representing a 1.59% dividend yield. The payout ratio stands at 20.9%. The company has paid dividends for 40 consecutive years and achieved a 5-year annualized dividend growth rate of 4.8%. Its most recent ex-dividend date was September 30, 2026.

Wall Street coverage consists of 1 Strong Buy, 2 Buys, 2 Holds, and no Sell or Strong Sell ratings. The mean price target of $69.00 represents a 14.3% upside compared to the last close of $60.36. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $513.3M and EPS of $4.72, representing 17.7% EPS growth. The company beat EPS estimates in all of the last 4 quarters. The next earnings date is October 28, 2026.

This page is an AI-written research summary of First Bancorp (FBNC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FBNC income statement, FBNC balance sheet, FBNC key metrics, FBNC analyst forecast, FBNC chart. See the FBNC stock overview for the latest quote and news.